Connect with us

News

NIN Now Serves as Tax ID for Nigerians Under New Tax System — FIRS

The Federal Inland Revenue Service has clarified that Nigerians no longer need a separate Tax Identification Number, as the National Identification Number now automatically serves as the Tax ID for individuals.

Published

on

firs
FIRS
  • The Federal Inland Revenue Service has clarified that Nigerians no longer need a separate Tax Identification Number, as the National Identification Number now automatically serves as the Tax ID for individuals.
VN62

The Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission has automatically become the Tax Identification Number for individual Nigerians.

The clarification was made in a public awareness campaign on the new tax laws shared by the Service on X on Monday.

According to the FIRS, registered businesses will also no longer require a separate Tax Identification Number, as their Corporate Affairs Commission registration number will now serve as their official tax identifier under the new tax system.

The announcement follows public concerns over provisions in the new tax laws requiring a Tax ID for certain transactions, including the operation and ownership of bank accounts.

Explaining the policy, the Service said the Nigeria Tax Administration Act, scheduled to take effect from January 2026, mandates the use of a Tax ID for specific transactions. However, it stressed that the requirement is not new, noting that it has existed since the Finance Act of 2019 and has only been strengthened under the new law.

Advertisement

“The Tax ID unifies all Tax Identification Numbers previously issued by the FIRS and State Internal Revenue Services into a single identifier,” the Service said.

whatsapp group

“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC registration number is used. You do not need a physical card, as the Tax ID is a unique number linked directly to your identity.”

DON’T MISS: Alex Otti Restores Power to 33 Communities in Abia, Ends Nine Years of Blackout

The FIRS explained that the new system is designed to simplify identification, eliminate duplication, close loopholes for tax evasion, and promote fairness by ensuring that all individuals earning taxable income contribute appropriately.

The Service urged Nigerians to disregard misinformation surrounding the reform, assuring the public that the new tax framework is aimed at improving efficiency and transparency in tax administration.

Advertisement

The clarification comes after comments by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, who stated that banks will be required to request a Tax Identification Number from all taxable Nigerians under the new tax administration framework beginning January 1, 2026.

WhatsApp

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

Victor Osimhen and Turkish Club Victor Osimhen and Turkish Club
Sports1 day ago

Osimhen Fires Galatasaray to Record 26th Turkish Super Lig Title in 4–2 Thriller

Galatasaray have been crowned Turkish Super Lig champions for a record 26th time after a dramatic 4–2 comeback victory over...

Uche Montana monica Uche Montana monica
Entertainment1 day ago

Uche Montana Celebrates 35 Million YouTube Views for ‘Monica’

Actress and producer Uche Montana has celebrated a major achievement after the first two parts of her movie project Monica...

code for mtn share and sell code for mtn share and sell
Tech1 day ago

How to Share Airtime on MTN, Airtel, and Glo Using USSD Codes— Simple Step-by-Step Guide

Need to send airtime to friends or family? Nigerian telecom networks now use a unified USSD system that makes airtime...

How to Buy Cheap Airtime How to Buy Cheap Airtime
Tech1 day ago

Cheapest MTN, Airtel, and Glo ‘Secret Data Codes Nigerians are Using 2026: See the Full List

Internet access has become one of the most essential parts of daily life in Nigeria, from social media and streaming...

48c47d6f a49f 43f0 89c1 98d13951b43c 48c47d6f a49f 43f0 89c1 98d13951b43c
Sports1 day ago

Burna Boy, Shakira Team Up for Official FIFA 2026 World Cup Anthem

Nigerian music star Burna Boy and Colombian singer Shakira have collaborated on the official anthem for the 2026 FIFA World...

beans beans
Health1 day ago

6 Health Changes that Happens to Your Body When You Eat Beans

Beans may look simple, but they are among the healthiest foods you can eat regularly.

efcc wanted efcc wanted
News1 day ago

BREAKING: EFCC Declares Ex-Humanitarian Affairs Minister Sadiya Farouq Wanted

The Economic and Financial Crimes Commission has declared former Minister of Humanitarian Affairs, Sadiya Umar Farouq, wanted.

Peter Obi 1 Peter Obi 1
Politics1 day ago

Peter Obi Gets Greenlight as NDC Zones 2027 Presidential Ticket to South

The Nigeria Democratic Congress has zoned its 2027 presidential ticket to Southern Nigeria.

AMVCA Trophy1 1062x598 1 AMVCA Trophy1 1062x598 1
Entertainment1 day ago

Full List: Winners Emerge at 2026 AMVCA Awards in Lagos

The 12th edition of the Africa Magic Viewers’ Choice Awards, AMVCA Awards held in Lagos on Saturday honoured outstanding achievements...

amca award amca award
Entertainment1 day ago

Bucci Franklin Wins AMVCA Award for Best Supporting Actor for ‘To Kill a Monkey’

Nollywood actor Bucci Franklin has emerged winner of the Best Supporting Actor category at the 2026 Africa Magic Viewers’ Choice...

Advertisement